Tag: Health Systems

Telehealth RCM Optimization Tips

Optimize Telehealth RCM: Tips for Financial Success

The rise of telehealth has revolutionized healthcare delivery, offering convenience and accessibility for patients and providers. However, this shift brings its own set of challenges, particularly when it comes to Revenue Cycle Management (RCM). Addressing these challenges effectively through Telehealth RCM Optimization Tips is crucial for ensuring financial health, minimizing claim denials, and maximizing revenue […]
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Medicare’s Telehealth Reimbursement Waiver Extended to 2024

Medicare’s Telehealth Reimbursement Waiver Extended to 2024

The final 2024 Medicare Physician Fee Schedule includes a provision that allows health systems to bill Medicare for telehealth services provided by doctors from their homes. This extension of a crucial Medicare reimbursement for health systems using telehealth services lasts until the end of 2024, and it also grants physicians working from home added privacy […]
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Key to RCM Success: Expertise in Denial Management, Coding & Prior Authorization

Key to RCM Success: Expertise in Denial Management, Coding & Prior Authorization

A survey conducted by leading healthcare technology company, revealed the top revenue cycle tasks like denials management, coding, and prior authorizations requiring the most subject matter expertise. Out of 15 tasks listed, over 550 healthcares financial and revenue cycle leaders identified denials management, coding, and prior authorizations as the top choices. Denials management was chosen […]
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Hospitals And Health Systems Projected To Lose About $54B In Net Income In 2021

Hospitals And Health Systems Projected To Lose About $54B In Net Income In 2021

Sicker patients, fewer outpatient visits, and higher expenses for labor, drugs, and supplies will continue to damage the financial health of hospitals and health systems throughout 2021, says a new analysis released today by the American Hospital Association (AHA). Hospitals nationwide will lose about $54 billion in net income over the course of the year, […]
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Three Keys to Ease Provider Tension

Three Keys to Ease Provider Tension

Being a physician comes with certain baseline stressors. For most, the culprits are pretty familiar: patient care responsibilities, high debt loads that compel long working hours, system complexities, and mounting administrative chores. COVID-19 has added yet another layer to the burdens that already contribute to physician burnout. As an emergency physician, walking into work every […]
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Top 5 Trends Impacting Healthcare Revenue Cycle Management

Top 5 Trends Impacting Healthcare Revenue Cycle Management

The world is changing and the operations behind healthcare reimbursement is changing with it. Healthcare organizations are recovering from an unprecedented public health crisis during which entire service lines shut down so providers could focus on stopping the spread of a deadly virus. Meanwhile, healthcare has been going through a digital revolution. The clinical shift […]
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The Benefits of Automated EHR Data Extraction

The Benefits of Automated EHR Data Extraction

  Physicians have faced a number of key technical challenges during the COVID-19 pandemic, including the inability to send and receive patient data, as well as issues related to electronic health record (EHR) interface and failure to effectively extract EHR data. Interoperability and patient data exchange are critical for physicians, hospitals, health systems and payers alike to minimize the […]
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Providers Confused by COVID-19 Coding, Claim Requirements

Providers Confused by COVID-19 Coding, Claim Requirements

Erratic claim volumes and confusion over COVID-19 coding and claim requirements are the top issues impacting revenue cycle operations, according to a new survey of financial leaders at US hospitals and health systems. Conducted through the Healthcare Financial Management Association’s (HFMA) Pulse Survey program, the survey commissioned by Alpha Health asked 587 chief financial officers and revenue cycle leaders […]
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